Monday, May 24, 2010

IT'S THE SPENDING STUPID -

IT'S THE SPENDING STUPID - Are you listening Mr. President ~ no you aren't, are you?

The federal government is on an unparallel spending spree with billions and billions of taxpayer money spent every day - It's as if there is no limit to government money. They are bailing out every imaginable entity. Today legislation was introduced by a senator from Pennsylvania to bail out the unions because their pension plans suffered in the recession of last year. Of course we should or we may find your local union protesting on your front lawn as you get home from work. WHERE THE HELL DOES ALL THIS MONEY COME FROM? ~ ALL THIS BAIL OUT / ENTITLEMENT / SOCIAL SECURITY / MEDICARE / MEDICADE CASH COME FROM? THERE ARE ONLY 305 MILLION PEOPLE IN THE COUNTRY.

Who Pays Income Taxes and how much?

Tax Year 2007
Percentiles Ranked by AGI
AGI Threshold on Percentiles
Percentage of Federal Personal Income Tax Paid

Top 1%
$410,096
40.42% of all taxes paid!

Top 5%
$160,041
60.63% of all taxes paid

Top 10%
$113,018
71.22% of all taxes paid

Top 25%
$66,532
86.59% of all taxes paid

Top 50%
$32,879
97.11% of all taxes paid

Bottom 50% Pay no taxe but recieve cash refunds - THE redistribution of wealth :)

<$32,879
2.89

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

Now here's the fun part ~ only 95 million people filed income tax forms this year which means that 47.5 million people are supporting the massive bloated federal machine we know as the The Federal Government.
Plus all those wonderful vote getting short sited entitlement programs.

How about this 30% of all Baby Boomers have no savings or pension plans. Now tell me Health Care rationing won't happen - thus the old adage " YOU CAN BLOW SMOKE IN MY FACE - BUT DON'T EVER TRY TO BLOW IT UP MY ASS!"
WELL MY NEWLY PROGRESSIVE FRIENDS BEND OVER!

I'm really sick of our elected officials - Look at what the have done to this country - VOTE them out - Each and every one!
LET'S TAKE BACK OUR COUNTRY WHAT DO YOU SAY?

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